North Shore Trust and Savings
North Shore Trust and Savings is a community bank in Waukegan, Illinois, offering consumer and small business deposit, lending, mortgage, and credit card products through three branches and digital channels in Lake County since 1921.
- Company typePublic
- Founded1921
- HeadquartersWaukegan, United States
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What North Shore Trust and Savings does
North Shore Trust and Savings is a community bank founded in 1921 and headquartered in Waukegan, Illinois, operating three branches in Waukegan and Lindenhurst within Lake County. As of December 31, 2025, the bank held $266.6 million in total assets and served 11-50 employees. The bank converted from a mutual savings institution to a stock company in 2022, listing on NASDAQ under the holding company NSTS Bancorp Inc., and is currently pending acquisition by Brookfield Bancshares Inc. for approximately $73.7 million in an all-cash transaction expected to close in Q4 2026.
The bank offers a full suite of consumer and small business banking products. Core deposit products include Free Checking, Fresh Start Checking (Bank On certified), Premium Checking, Passbook Savings, Statement Savings, Kids Club Savings, Money Market Accounts, Certificates of Deposit (3-month to 5-year terms), and IRAs. Lending products include mortgages, home equity loans and HELOCs, consumer auto loans, and commercial lending. Credit card offerings span consumer (VISA Platinum Low-Rate, MasterCard Preferred Points, MasterCard World) and business (Standard and Preferred Points) cards. Digital channels include iBanking (online), iMobile (mobile app with mobile check deposit), mobile wallet support (Apple Pay, Google Pay, Samsung Pay), eStatements, online bill pay, and the MoneyPass ATM network.
The bank's revenue model is built on interest income from lending (mortgages, home equity, commercial, consumer), deposit account fees (monthly maintenance on certain accounts, overdraft fees), credit card interchange and interest, and service charges (wire transfers, stop payments). Distribution is multi-channel: three physical branches, digital platforms, mobile banking, and in-house mortgage origination through a dedicated mortgage department at the Lindenhurst office. The GTM motion is direct-to-consumer, targeting individuals and small businesses in Lake County through community engagement, financial literacy education (Banzai platform), and referral networks spanning multiple customer generations.
North Shore Trust and Savings firmographics
Firmographics- Name
- North Shore Trust and Savings
- Legal name
- North Shore Trust and Savings
- Website
- https://northshoretrust.com
- Company type
- Public
- Founded year
- 1921
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- North Shore Trust and Savings is a community bank in Waukegan, Illinois, offering consumer and small business deposit, lending, mortgage, and credit card products through three branches and digital channels in Lake County since 1921.
- Ownership category
- akta.pro rank
North Shore Trust and Savings industry classification
Industry- Product category
- Community Banking
- NAICS
- Savings Institutions and Other Depository Credit Intermediation (522180), Commercial Banking (52211)
- SIC
- Savings Institutions, Not Federally Chartered (6036)
- akta.pro primary industry
- Mutual Savings Banks & Mutual Thrifts (FSABAEAD)
- akta.pro secondary industry
- SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)
Keywords
Where North Shore Trust and Savings is headquartered
LocationHeadquarters
- HQ city
- Waukegan
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
North Shore Trust and Savings business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others
Revenue model
- Interest Income from Lending: Primary revenue from interest earned on mortgage loans, home equity products, commercial loans, and consumer lending including auto loans
- Deposit Account Fees: Monthly maintenance fees on certain accounts (Premium Checking $5.95, Fresh Start Checking $7, Premium Business Checking $15), overdraft fees, and returned check charges
- Credit Card Income: Interchange income from credit card transactions, annual fees on certain cards, and interest income on revolving balances
- Service Charges: Fees for wire transfers, stop payments, and other banking services
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Free Checking - No monthly fee, $100 minimum to open |
| Subscription | Monthly | Fresh Start Checking - $7 monthly fee (waivable) |
| Subscription | Monthly | Premium Checking - $5.95 monthly fee (waivable) |
| Subscription | Monthly | Passbook/Statement Savings - 0.15% APY |
| Usage-based | Monthly | Money Market Accounts - Tiered rates up to 1.01% APY |
| Subscription | Annual | CD Specials - 13-Month 3.95% APY, 30-Month 2.78% APY |
| Subscription | Monthly | Credit Card Fees - $49 annual fee for some cards |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels6 records
North Shore Trust and Savings product offering
Product offeringCore offering
North Shore Trust and Savings is a community bank providing personal and small business banking products, including checking, savings, money market, certificates of deposit (CDs), IRAs, credit cards, and mortgage and home equity lending. The bank distributes through three physical branches in Waukegan and Lindenhurst, Illinois, alongside online and mobile banking channels, serving Lake County consumers and businesses since 1921.
Product overview
North Shore Trust and Savings is a community bank offering a comprehensive suite of deposit and lending products. The core banking platform centers on checking and savings accounts (Free Checking, Fresh Start Checking, Premium Checking, Passbook Savings, Statement Savings, Kids Club Savings, Money Market Accounts), certificates of deposit (CDs) with terms from 3 months to 5 years, and Individual Retirement Accounts (IRAs). Credit card offerings include consumer cards (VISA Platinum Low-Rate, MasterCard Platinum Preferred Points, MasterCard World) and business cards (Standard Business, Preferred Points Business). Mortgage and home equity products provide purchase financing, refinancing, and HELOC options. Digital banking add-ons include Mobile Banking (iMobile), Online Banking (iBanking), Mobile Wallets (Apple Pay, Google Pay, Samsung Pay), eStatements, and Online Bill Pay. Financial literacy resources through Banzai support consumer education. The bank operates three Illinois branches in Waukegan and Lindenhurst, serving Lake County since 1921.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- Bank On certified account with no overdraft fees for Fresh Start Checking
Companies that use North Shore Trust and Savings
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles2 records
North Shore Trust and Savings technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration7 records
Feature3 records
North Shore Trust and Savings partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- MoneyPasscoreATM network partnership providing surcharge-free cash access at MoneyPass ATMs nationwide for North Shore Trust and Savings debit card holders
- BanzaicoreFinancial literacy education platform providing free educational content on budgeting, borrowing, credit, homeownership, and retirement through the North Shore Learn Banzai portal
- MastercardcoreCredit and debit card network partnership offering Mastercard and Visa branded cards including World, Platinum, and Preferred Points cards with various benefits and rewards
Scale indicators7 records
Recent moves6 records
Expansion highlights5 records
North Shore Trust and Savings competitors and assessment
Company assessmentDirect peers
- First National Bank of Brookfield: A Illinois-based community bank of similar size and structure to North Shore Trust and Savings; the parent Brookfield Bancshares is the announced acquirer of NSTS, making it the most direct comparable in business model and geography.
- Byline Bank: Chicago-based community bank focused on small business and consumer banking across the Illinois metropolitan area, offering a similar product mix of deposit accounts, mortgages, and commercial lending.
- Old Second Bancorp: Illinois-based community bank holding company with comparable deposit gathering, mortgage origination, and small business lending activities in the greater Chicago and suburban markets.
- First Financial Bank (Illinois): Community bank operating in Illinois with similar consumer and small business banking services, deposit products, and a focus on relationship-based local decision-making comparable to North Shore.
- Libertyville Bank & Trust: Lake County, Illinois community bank offering deposit accounts, mortgages, and small business banking services to a similar customer base in the same geographic market as North Shore Trust and Savings.
Broad incumbents
- Wintrust Community Banks: Operates a network of community-chartered banks across the Chicago metropolitan area including Lake County, offering deposit, lending, and wealth services that overlap directly with North Shore's product set.
- Busey Bank: Illinois-headquartered community bank with comparable consumer and small business banking products, multi-branch presence, and a long history of community banking similar to North Shore Trust and Savings.
- First Midwest Bank (now Old National Bank): Large Midwest regional bank with significant Chicago-area presence offering consumer and commercial banking products that compete directly with North Shore's community banking franchise.
Regional players
- Lakeside Bank: Chicago-based community bank serving similar consumer and small business segments in the metropolitan area with comparable deposit and lending products, though not headquartered in Lake County.
Emerging players
- HMN Financial: Small community bank holding company with similar thrift/depository focus and comparable size to North Shore; while operating in Minnesota, it provides a useful scale-and-strategy benchmark for community savings institutions.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
North Shore Trust and Savings social profiles
Digital presenceNorth Shore Trust and Savings compliance and trust
Trust signalCompliance3 records
North Shore Trust and Savings financial estimates
Financial estimateRevenue estimate
Valuation estimate
North Shore Trust and Savings leadership team
Management profileNumber of profiles
Profiles4 records
North Shore Trust and Savings funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
North Shore Trust and Savings M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about North Shore Trust and Savings
What does North Shore Trust and Savings do?
North Shore Trust and Savings is a community bank providing personal and small business banking products, including checking, savings, money market, certificates of deposit (CDs), IRAs, credit cards, and mortgage and home equity lending. The bank distributes through three physical branches in Waukegan and Lindenhurst, Illinois, alongside online and mobile banking channels, serving Lake County consumers and businesses since 1921.
Is North Shore Trust and Savings a public or private company?
North Shore Trust and Savings is a public company. It is classified as public and is currently operating.
When was North Shore Trust and Savings founded?
North Shore Trust and Savings was founded in 1921. It employs 11 to 50 people.
Where is North Shore Trust and Savings based?
North Shore Trust and Savings is headquartered in Waukegan, United States, in the North America region.
How does North Shore Trust and Savings make money?
Four revenue lines are on record. Interest Income from Lending is the primary driver. The others are deposit Account Fees, credit Card Income and service Charges.
Who are North Shore Trust and Savings's main competitors?
Direct peers on record are First National Bank of Brookfield, Byline Bank, Old Second Bancorp, First Financial Bank (Illinois) and Libertyville Bank & Trust. Broad incumbents are Wintrust Community Banks, Busey Bank and First Midwest Bank (now Old National Bank). Lakeside Bank is listed as a regional player. HMN Financial is listed as an emerging player.
Does North Shore Trust and Savings have an API?
No public API is recorded for North Shore Trust and Savings.
What industry is North Shore Trust and Savings in?
North Shore Trust and Savings's product category is Community Banking. Its primary akta.pro industry code is FSABAEAD, Mutual Savings Banks & Mutual Thrifts, with a secondary code of FSABABAC, SME Deposits & Business Accounts (Operating, Savings, CDs). Its NAICS code is 522180 and its SIC code is 6036.